High inflation is the key challenge for the Russian economy in 2025, while the economic growth rate is expected to fall from 4.1% recorded last year, Prime Minister Mikhail Mishustin told President Vladimir Putin on Friday.

Russian President Vladimir Putin on Friday acknowledged that inflation remains a major “challenge” for the country’s economy and ordered the government to work on lowering it in 2025. Consumer prices in Russia rose by 9.

The Russian economy recorded a growth of 4.1% in 2024, slightly surpassing the official forecast of 3.9%, according to Russian Prime Minister Mikhail Mishustin. The Prime Minister shared these figures during a meeting with President Vladimir Putin,